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The United Kingdom’s Financial Conduct Authority has issued a warning against Alpha Capital Analysis Pro Market in October 2023
If you are looking for a reliable and trustworthy broker to invest your money in the financial markets, you may have come across Alpha Capital Analysis Pro Market (ACAPM). This broker claims to offer a wide range of trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies. But is ACAPM a scam or a legit broker? In this review, we will examine the features, advantages, and disadvantages of ACAPM, and help you decide whether it is worth your time and money.
What is ACAPM?
ACAPM is an online broker that was founded in 2018 and is based in St. Vincent and the Grenadines. The broker is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, which is not a very reputable or strict regulator. ACAPM claims to have offices in London, Dubai, and Hong Kong, but does not provide any proof of its physical presence or registration in these jurisdictions.
ACAPM offers four types of trading accounts: Basic, Silver, Gold, and Platinum. The minimum deposit required to open an account is $250 for the Basic account, $2,000 for the Silver account, $10,000 for the Gold account, and $50,000 for the Platinum account. The broker also offers a demo account for practice purposes.
The trading platform that ACAPM provides is the MetaTrader 4 (MT4), which is one of the most popular and widely used platforms in the industry. MT4 has a user-friendly interface, advanced charting tools, technical indicators, automated trading options, and supports multiple languages. ACAPM also has a web-based platform that can be accessed from any browser without downloading any software.
The leverage that ACAPM offers ranges from 1:100 to 1:400, depending on the account type and the trading instrument. The spreads are variable and start from 0.1 pips for major currency pairs. The broker also charges commissions on some trades, which can vary from $6 to $12 per lot.
ACAPM claims to offer a variety of educational resources, such as webinars, ebooks, videos, articles, and market analysis. However, most of these resources are only available to premium account holders or require a deposit to access. The broker also claims to provide customer support 24/7 via phone, email, live chat, and social media. However, some online reviews suggest that the support team is not very responsive or helpful.
Is ACAPM a scam or a legit broker?
There are several red flags that indicate that ACAPM may not be a legit broker. Some of these are:
- The broker is regulated by a weak and offshore authority that does not have a good reputation or track record of protecting investors’ rights and interests.
- The broker does not have a clear or transparent fee structure and may charge hidden fees or commissions that can affect your profitability.
- The broker does not have a secure or encrypted website and may expose your personal or financial information to hackers or third parties.
- The broker does not have a verified or audited history of its performance or results and may manipulate its trading conditions or prices to favor itself.
- The broker may use aggressive or misleading marketing tactics to lure unsuspecting traders into depositing large amounts of money or accepting unrealistic bonuses or promotions.
- The broker may refuse or delay your withdrawal requests or impose unreasonable terms and conditions on your funds.
- The broker may have negative or fake reviews from its clients or former employees who have experienced fraud or abuse from the broker.
Therefore, we advise you to be cautious and careful when dealing with ACAPM or any other unregulated or offshore broker. You should always do your own research and due diligence before choosing a broker and only invest what you can afford to lose.
What to Do If You’ve Lost Money with Alpha Capital Analysis Pro Market?
If you have been scammed by Alpha Capital Analysis Pro Market or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.